1835.

LAWS OF MARYLAND.

CHAP. 218.

meet and convenient for the furtherance of the said

Dividends

Academy, and interest of the said stockholders by de-

claration of regular dividends to the said stockholders,

of any surplus proceeds arising therefrom.

Legal capacity

SEC. 5. And be it enacted, That the said hoard of

trustees and their successors, shall be able in law, to

sue and be sued, plead and be impleaded in any court

or courts, before any judge, judges or justices within

this State or elsewhere, in all and all manner of suits,

complaints, pleas, causes, matters and demands of

whatsoever kind, nature or form they be, and all and

every other matter and thing, therein to do, which may

be necessary for the purposes of this act.

Exempt from tax

SEC. 6. And be it enacted, That all the property

of the said corporation, both real and personal, and

so much of the personal property of the teachers and

students, as may be properly connected with the said

academy, shall be exempt from all rates and taxes, and

the teachers and students from military duties, except

in the case of actual invasion, or when general martial

law is declared.

Quarterly meeting

SEC. 7. And be it enacted, That the said trustees,

and their successors, or a quorum of not less than five

of them, shall meet four times in every year, in stated

quarterly meetings, to be appointed by their own or-

dinances or by-laws, and at such other times as by

their ordinances, they may direct, and at such meetings

upon due notice given to the whole body, shall have full

power and authority to make ordinances and by-laws

4

for the government of the said academy, and the in-

struction or course of instruction for the youth of said

Trustees — duties

academy, and by such ordinances, may appoint such

principal teacher, instructors, tutors or agents, as may

be necessary for said academy, and to delegate to them

or any of them, such powers and authorities as they

may think best for the management of the property, and

the standing government of the said academy; Provi-

ted, that said ordinances or by-laws, be not repugnant

to the form of government or any laws of this State.

Seal

SEC. 8. And be it enacted. That the said Trustees

and their successors shall have full power to have and

make use of one common seal, and the same to change,

break, alter and renew at their pleasure.